Last checked at 2 Jun 2023 07:00
2 June 2023
Triple Point Energy Transition plc
("TENT" or the "Company")
Notice of Full Year Results
The Board of Triple Point Energy Transition plc (ticker: TENT), the infrastructure investor focussed on the energy transition, is pleased to announce that the Company will publish its audited results for the year ended 31 March 2023 on Monday 19 June 2023.
An online meeting for sell side analysts will be held at 9.00am on the day of results and will be hosted by Jonathan Hick, Head of Energy Transition, Chloe Smith, Fund Finance Director and Christophe Arnoult, Portfolio Director at the Company's Investment Manager.
Analysts wishing to join the call, please contact Buchanan at tent@buchanancomms.co.uk.
For further information, please contact:
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LEI: 213800UDP142E67X9X28
Further information on the Company can be found on its website: http://www.tpenergytransition.com/
NOTES:
The Company is an investment trust which aims to invest in assets that support the transition to a lower carbon, more efficient energy system and help the UK achieve Net Zero.
Since its IPO in October 2020, the Company has made the following investments and commitments:
· Harvest and Glasshouse: provision of £21m of senior debt finance to two established combined heat and power ("CHP") assets, located on the Isle of Wight, supplying heat, electricity and carbon dioxide to the UK's largest tomato grower, APS Salads ("APS") - March 2021
· Spark Steam: provision of £8m of senior debt finance to an established CHP asset in Teesside supplying APS, as well as a further power purchase agreement through a private wire arrangement with another food manufacturer - June 2021
· Hydroelectric Portfolio (1): acquisition of six operational, Feed in Tariff ("FiT") accredited, "run of the river" hydroelectric power projects in Scotland, with total installed capacity of 4.1MW, for an aggregate consideration of £26.6m (excluding costs) - November 2021
· Hydroelectric Portfolio (2): acquisition of a further three operational, FiT accredited, "run of the river" hydroelectric power projects in Scotland, with total installed capacity of 2.5MW, for an aggregate consideration of £19.6m (excluding costs) - December 2021
· BESS Portfolio: commitment to provide a debt facility of £45.6m to a subsidiary of Virmati Energy Ltd (trading as "Field"), for the purposes of building a portfolio of four geographically diverse Battery Energy Storage System ("BESS") assets in the UK with a total capacity of 110MW - March 2022
· Energy Efficient Lighting: Funding of c.£2.2m to a lighting solutions provider to install efficient lighting and controls at a leading logistics company - March 2023
· Innova: Provision of a £5m short term development financing facility to Innova Renewables, building out a portfolio of Solar and BESS assets across the UK - March 2023
The Investment Manager is Triple Point Investment Management LLP ("Triple Point") which is authorised and regulated by the Financial Conduct Authority. Triple Point manages private, institutional, and public capital, and has a proven track record of investment in Energy Efficiency and decentralised energy projects.
Following its IPO on 19 October 2020, the Company was admitted to trading on the Premium Segment of the Main Market of the London Stock Exchange on 28 October 2022. The Company was also awarded the London Stock Exchange's Green Economy Mark.